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Jul 6, 2013
07/13
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and that's made the deficit problem look more benign. which takes the pressure off. but i think you're right. it's just an incredible admission by the white house that they can't implement the affordable care act as they had hoped. by this little blog post by someone at the treasury, oh, by the way, the thing we've been talking about, this -- employers have more than 50 people will have to provide health insurance, we're putting that off for a year. leaving open the question, are other things going to be put off, too? gwen: here's something else which may be put off that's happening in congress. sue, where you spend your days and many nights. >> god bless you. gwen: so we don't have to. let's talk about immigration. this is one of the big issues which made its way through the senate and waiting for what the house does but not at all resolved. >> no. there's this triumphant moment when the senate passed this bill because it was this historic moment and joe biden presided over and the -- and as soon as passed it reality check that it doesn't really mean much in the lon
and that's made the deficit problem look more benign. which takes the pressure off. but i think you're right. it's just an incredible admission by the white house that they can't implement the affordable care act as they had hoped. by this little blog post by someone at the treasury, oh, by the way, the thing we've been talking about, this -- employers have more than 50 people will have to provide health insurance, we're putting that off for a year. leaving open the question, are other things...
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Jul 14, 2013
07/13
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anyone wants to pass immigration legislation that would increase in gdp of the country, cut the budget deficit, in fact, raise the wages of all americans and restore some sort of energy to the country. we are an aging population. george w. bush, to his credit, has been enormously circumspect as a former president. republican they want to look at this. votet 40% of the hispanic when he won reelection in 2004. that is something republicans can only dream about. >> charles? >> interesting, this newfound respect for george bush, now that he agrees with my on immigration. that was something that was rather lacking for the last 13 years, but that is just an aside. >> are you happy to see him? >> i liked him before you were ready to rehabilitate him. >> [laughter] >> where was i? >> your aside. >> i will mention one>> are youm the bill. the cbo estimates of the bill, if passed, in 10 years, will have 8 million new illegal immigrants. what problem have assault? >> the conservative estimates is nothing youe can do to forecast accurately. a lot depends on the economy on the border. right now, we are doi
anyone wants to pass immigration legislation that would increase in gdp of the country, cut the budget deficit, in fact, raise the wages of all americans and restore some sort of energy to the country. we are an aging population. george w. bush, to his credit, has been enormously circumspect as a former president. republican they want to look at this. votet 40% of the hispanic when he won reelection in 2004. that is something republicans can only dream about. >> charles? >>...
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in order for the government to reach its goals for deficit reduction it decided to cut almost thirty one million euro from the education sector. the building of new classrooms and facilities would have to wait. the government's absence is covered by the community members who raise money in order to build classrooms in any way they can. miss comfort was a leader of this afeard and invested all her savings. really. i. was like oh my god who was i have decided to mobilize. to help me with some money to put up a classroom i've used my own money in addition to this current amount that was contributed by the community members to put up one classroom block who was who i was. and now some of the. linen and that one plus one and the other classes sit in under trees then when. they get. whenever it is raining is even if it is threaten to rain we dismiss the children to. drive use forms indeed. and then when it is more i'm much this nor should. we all get that in one classroom we can use in lots and i thank you for. the recruitment freeze in the public sector another one of the i.m.f. stipulati
in order for the government to reach its goals for deficit reduction it decided to cut almost thirty one million euro from the education sector. the building of new classrooms and facilities would have to wait. the government's absence is covered by the community members who raise money in order to build classrooms in any way they can. miss comfort was a leader of this afeard and invested all her savings. really. i. was like oh my god who was i have decided to mobilize. to help me with some...
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Jul 9, 2013
07/13
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the reason for that is we should not ask students to deficit -- subsidize the deficit as no other generation incurred that debt and we encourage you to go to school we want to make it as affordable as possible and reducing the deficit should not be your responsibility but our generation to do so. that is one of the debates by the way if this president democrats republicans for $5 billion of deficit reduction. >> even if somebody's goal was to reduce the deficit it would only put a bandage on the larger problem. i am a graduate student but my friends are in the working world and i have friends who pay more in loans than their rent or cannot read to or buy a house and so they live with their parents they cannot buy a new cars you just created generation of adults that cannot put any money to anything but the student loans you hurt the economy. the free up money that young adults today that put toward the student debt but now people are able to put money on a house or a new car or supporting local business or any business. >> that is an excellent point* to the extent we put our most capable peo
the reason for that is we should not ask students to deficit -- subsidize the deficit as no other generation incurred that debt and we encourage you to go to school we want to make it as affordable as possible and reducing the deficit should not be your responsibility but our generation to do so. that is one of the debates by the way if this president democrats republicans for $5 billion of deficit reduction. >> even if somebody's goal was to reduce the deficit it would only put a bandage...
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the white house site to the improving economy for t adjustment of the deficit projections saying this year the deficit will be $759 billion of first time it has been below $1 trillion under president obama. crude-oil today down $0.8 in gold gaining $22 selling at $1,235 an ounce and treasury yields dropping with the ted year closing at 10 .6% new details about the deadly crash of flight 214 from san francisco. the focus is now on the pilot who had little experience pleading for the first time as there francisco international business oriented to the runway they crashed. first call only two fatalities among the 307 passengers and crew. it ends the impeccable run of 18 years without a fatality and more than 90 million flight hours made it one of the safest aircraft in aviation history and investigators are trying to determine what caused a small engine aircraft to crash at the alaska air corps yesterday killing all 10 aboard. the pilot of the air taxi was described as highly experienced. some news you may have missed a the weekend a tragedy in canada could be the key to breaking the pol
the white house site to the improving economy for t adjustment of the deficit projections saying this year the deficit will be $759 billion of first time it has been below $1 trillion under president obama. crude-oil today down $0.8 in gold gaining $22 selling at $1,235 an ounce and treasury yields dropping with the ted year closing at 10 .6% new details about the deadly crash of flight 214 from san francisco. the focus is now on the pilot who had little experience pleading for the first time...
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Jul 14, 2013
07/13
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the utica shale in new york would erase the new york deficit. we're not sticking one drill bit in that either. we have oil all over this country. we are not tracki fcking anywhe because we don't have an epa who will stand up and say, we need to do this or this to make it safe. it's all the above angs. we don't have that because we have no plan. there's been four environmental studies on the keystone pipeline. all are clean. we aren't doing it for wha reason reason. who knows? >> steve, maybe you know. >> i'm with anwar and keystone pipeline. but with fracking causing earthquakes increighing threefold you'd be careful toing that in cal kpal. >> tracy, go ahead. >> brenda, i think one piece we're missing are state taxes. this piece of the gasoline price is not going away. that will continue to go up. couple that with gasoline prices going up higher than our wages. that's the bottom line. >> gary v, it will have an impact on the economy, don't you think? >> absolutely. you know, i want to get back to the point that jonas was making. you know, while
the utica shale in new york would erase the new york deficit. we're not sticking one drill bit in that either. we have oil all over this country. we are not tracki fcking anywhe because we don't have an epa who will stand up and say, we need to do this or this to make it safe. it's all the above angs. we don't have that because we have no plan. there's been four environmental studies on the keystone pipeline. all are clean. we aren't doing it for wha reason reason. who knows? >> steve,...
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of it than morsi is government did i mean he was running the country on a billion and a half a month deficit using this was a military coup i think it was a military coup that was enhanced and really made possible by the large public opposition against morsi i really do i think that morsi started this fight well as it gets the start to fly a little. the problem i have is if indeed it is not some kind of symbol is brought to this do we now take the muslim brotherhood brotherhood and have them combo up with al qaida and the others in the arena to make this world even less safe than it is today just to take issue with michael's point while a lots of folks in the washington post and others are suggesting that the president has been feckless in the state on the sidelines i do not think it helps the process and i don't think it helps our standing in the region if it seems like this is a coup that we support i think it's incredibly important that the egyptian people who oppose morsi who helped give rise to his ouster that they realize that they're in charge of their destiny we're not in charge of i
of it than morsi is government did i mean he was running the country on a billion and a half a month deficit using this was a military coup i think it was a military coup that was enhanced and really made possible by the large public opposition against morsi i really do i think that morsi started this fight well as it gets the start to fly a little. the problem i have is if indeed it is not some kind of symbol is brought to this do we now take the muslim brotherhood brotherhood and have them...
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of it than morsi is government did i mean he was running the country on a billion and a half a month deficit using this was a military coup i think it was a military coup that was enhanced and really made possible by the large public opposition against morsi i really do i think that morsi started this fight well as it gets to start the flight little. the problem i have is if indeed it is not some kind of symbol is brought to this do we now take the muslim brotherhood brotherhood and have them combo up with al qaida and the others in the arena to make this world even less safe than it is today just to take issue with michael's point while a lots of folks in the washington post and others are suggesting that the president has been feckless in the state on the sidelines i do not think it helps the process and i don't think it helps our standing in the region if it seems like this is a coup that we support i think it's incredibly important that the egyptian people who oppose morsi who helped give rise to his ouster that they realize that they're in charge of their destiny we're not in charge of
of it than morsi is government did i mean he was running the country on a billion and a half a month deficit using this was a military coup i think it was a military coup that was enhanced and really made possible by the large public opposition against morsi i really do i think that morsi started this fight well as it gets to start the flight little. the problem i have is if indeed it is not some kind of symbol is brought to this do we now take the muslim brotherhood brotherhood and have them...
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Jul 8, 2013
07/13
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>> i have to say that he left the biggest budget deficit in britain's history. we had to make difficult decisions. that is why we cut welfare and areas of spending. on education, we have made it a priority. that is why the amount of money going into our schools is going up and not down. that is why we are funding half a million extra school places. and that is why this government has built 200 new school buildings since taking office. he asked about new schools going into different areas. that is code for labor's opposition to free schools. we want more new, good schools. their policy is still the same as john prescott's policy. do you remember that? the trouble with good schools is that everyone wants to go to them. we want good schools. as usual, his questions are written by len mccluskey of unite. >> mr. speaker, mr. speaker, as always, this prime minister has no answer to the questions he is asked. if he will not answer me, maybe he will answer david simmons, who is the conservative spokesman for the local government association. this is what he said. "we kn
>> i have to say that he left the biggest budget deficit in britain's history. we had to make difficult decisions. that is why we cut welfare and areas of spending. on education, we have made it a priority. that is why the amount of money going into our schools is going up and not down. that is why we are funding half a million extra school places. and that is why this government has built 200 new school buildings since taking office. he asked about new schools going into different areas....
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Jul 9, 2013
07/13
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the student loan program itself is paying down the national deficit because of the profit the federal government makes. it's time to stop that and make student loans affordable for students and for their families. this congress simply has not done right by students. forcing these students to continue to graduate with an increasing mountain of debt while at the same time they lament the students are graduating with increased debt. that's what the republicans offered, that's why as my colleague from colorado said it was dead on arrival when it went to the senate. it was dead on a bipartisan basis when it went to the senate. the time has come now to defeat the previous question so that we can bring the one-year fix to make sure that students are protected from the doubling of the interest rates that is now occurring because of the inaction by the republicans in the house of representatives. i yield back the balance of my time. the speaker pro tempore: the gentleman from california yields back the balance of his time. the gentleman from colorado reserves. the gentleman from texas is recog
the student loan program itself is paying down the national deficit because of the profit the federal government makes. it's time to stop that and make student loans affordable for students and for their families. this congress simply has not done right by students. forcing these students to continue to graduate with an increasing mountain of debt while at the same time they lament the students are graduating with increased debt. that's what the republicans offered, that's why as my colleague...
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that wipes out the california deficit. if we had a national energy plan, we could create millions of jobs by knowing if a pipeline works or if a pipeline doesn't. we are the only developed country in the world not having one. that does hurt. >> jim, take him on. >> we've got a lot of part-time workers in this jobs report. why is that? because of government mandate reting to obama care. whether it's crowding out or red tape, they are not creating a big playing field for small businesses and that's why small businesses are not hiring. >> okay. two texans get the last word. thanks, guys. >>> young americans getting restless. a new poll shows their trust in d.c. is fading, overall nsa snooping. why at could help support for big government in d.c. that's at the bottom of the hour. but up here first, employers may have dodged the health care law for another year, but you may not be so lucky. remember this? >> if you like your health care plan, you'll be able to keep caused that accident. >>> delaying the employer mandate has som
that wipes out the california deficit. if we had a national energy plan, we could create millions of jobs by knowing if a pipeline works or if a pipeline doesn't. we are the only developed country in the world not having one. that does hurt. >> jim, take him on. >> we've got a lot of part-time workers in this jobs report. why is that? because of government mandate reting to obama care. whether it's crowding out or red tape, they are not creating a big playing field for small...
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his net worth is equal to the federal deficit. melissa: i don't know how that came up. the biggest in the world. 590 feet. a massive price tag of $600 million. it is reportedly owned by middle eastern billionaire and it took three years to build. just a little perspective on how big it is. look at this. here it is. that tiny little thing in the upper left is the space shuttle. this new monstrosityust over took the clips. the world's biggest shot by 533 feet. who would not wanted? it looks like it can fit in my bathtub. melissa: ashamed and embarrassed. if i were a russian oligarchic would not take this lying down. selig. you cannot let them. >> we don't know his name. an anonymous billionaire. anonymous era billionaire. 600 feet long. his entire harem can fit on this boat. >> as a russian myself i am ashamed and embarrassed. someone handed him. >> obviously you don't have a very large harem. >> i was pulled in. i was pulled into i really lame duck. there was this huge gap. once again for the second time, looking to cool yourself. it in some areas of china. check of the
his net worth is equal to the federal deficit. melissa: i don't know how that came up. the biggest in the world. 590 feet. a massive price tag of $600 million. it is reportedly owned by middle eastern billionaire and it took three years to build. just a little perspective on how big it is. look at this. here it is. that tiny little thing in the upper left is the space shuttle. this new monstrosityust over took the clips. the world's biggest shot by 533 feet. who would not wanted? it looks like...
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Jul 12, 2013
07/13
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we do not have a deficit right now. we have the opposite of a deficit right now. as of june the u.s. government was taking in $117 billion more that month than it was putting out. we are not in the red, we are in the black. this is the largest june budget surplus ever recorded in the history of the united states of america. but still, a thousand florida national guardsmen are not filling sandbags one day a week every week indefinitely even through storm season because congress panicked about that budget deficit that we do not have. and the deputy manager of the program to land this drone on the "u.s.s. george h.w. bush" says he is furloughing in place on the aircraft carrier while the drone is finally completing its historic landing. this is basically how it goes in the nonsense hold that we call the american congress right now. in that nonsense hole, house republicans find themselves digging deeper and deeper and deeper with no real plans on how to get out. i, though, have an idea for how to help them. do you remember the big deal in washington right now is that
we do not have a deficit right now. we have the opposite of a deficit right now. as of june the u.s. government was taking in $117 billion more that month than it was putting out. we are not in the red, we are in the black. this is the largest june budget surplus ever recorded in the history of the united states of america. but still, a thousand florida national guardsmen are not filling sandbags one day a week every week indefinitely even through storm season because congress panicked about...
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Jul 10, 2013
07/13
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expressed the need to pass immigration reform now to help the economy grow, create jobs, or reduce the deficit. here is a key house democrat's assessment. it was wonderful to be part of a productive meeting with the president. we had incredibly candid and productive conversation on accomplishing comprehensive immigration reform. like us, the president believes that there are compelling moral and economic reasons to support comprehensive reform. house republicans are exarlg to the president's healthcare law and suggesting a single massive piece of legislation is not the way to go, shep? >> shepard: mike, former president george w. bush weighed in on all of this today to congress to find a resolution on immigration reform. he spoke during a naturalization ceremony at presidential ceremony in dallas i meant bush 43, excuse me. while he didn't get specific about policy he noted immigrants do make contributions in this country. he said we have to enforce current immigration laws and that america can be a lawful society and welcoming society at the same time. $34 million for a building they didn't n
expressed the need to pass immigration reform now to help the economy grow, create jobs, or reduce the deficit. here is a key house democrat's assessment. it was wonderful to be part of a productive meeting with the president. we had incredibly candid and productive conversation on accomplishing comprehensive immigration reform. like us, the president believes that there are compelling moral and economic reasons to support comprehensive reform. house republicans are exarlg to the president's...
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Jul 11, 2013
07/13
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FBC
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melissa: next on "money," news of a much lower deficit may sound great but is it all a sham? our next guest says yes and he's here to tell us why we shouldn't be celebrating. >>> apple seems to be falling off out of its tree these days. the author of, "inside apple" says it is no longer the industry leader it once was. google is set to take over the top spot. he is here with details. "piles of money" coming up. ♪ my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those wh are or who may become pregnant and children should avoid contact where axiron is applied as uneecd signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and meditions. serious side effects could include inc
melissa: next on "money," news of a much lower deficit may sound great but is it all a sham? our next guest says yes and he's here to tell us why we shouldn't be celebrating. >>> apple seems to be falling off out of its tree these days. the author of, "inside apple" says it is no longer the industry leader it once was. google is set to take over the top spot. he is here with details. "piles of money" coming up. ♪ my mantra? always go the extra mile. to...
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Jul 14, 2013
07/13
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CNN
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in 2011 we hadn't done a great deal of deficit reduction. at this point if you look at with all the noise and all the messiness of the washington political process, we're in a very different place than we were four years ago. four years ago we hadn't cut discretionary spending. we hadn't done an increase in the tax rates at the top rate. between those two decisions we took care of about 60% of the deficit problem. there was an agreement that we had a $4 trillion problem over ten years. now, sequestration kicked in because -- >> the simpson-bowles number was they were trying to get it down 10 trillion over four years. >> it was simpson-bowles and it was also kind of a broad bipartisan consensus in washington that the goal for this period was $4 trillion. in the budget control act of 2011 this process of across-the-board cuts was put in place because it was seen as so odious, so bad for domestic and defense policy, that it would make it necessary and possible for congress to make hard decisions, to have balanced entitlement reforms and tax ref
in 2011 we hadn't done a great deal of deficit reduction. at this point if you look at with all the noise and all the messiness of the washington political process, we're in a very different place than we were four years ago. four years ago we hadn't cut discretionary spending. we hadn't done an increase in the tax rates at the top rate. between those two decisions we took care of about 60% of the deficit problem. there was an agreement that we had a $4 trillion problem over ten years. now,...
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Jul 11, 2013
07/13
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we're three-quarters through fiscal year 2013 and year-to-date the deficit has come in at 510 billion down from 904 billion in the same period of last fiscal year a reduction of $400 million. part of that is due to the higher payroll taxes kicking in january 1st combined with lower spending from the sequestered. budget experts were on the lookout for the one time item a dividend payment of $60 billion from three in may and freddie mac to the treasury said there is a big chunk of that in another case because june 1st was on the saturday certain government payments that would have been made in june were baited day reducing outlays in june by 34 billion so there is 100 billion in deficit reduction right there. liz: i am glad that you clarified it is not the best or the worst the closing bell rings it 49 minutes microsoft makes a big announcement to redo all lot we're just minutes away from the steve ballmer to conference call about the huge shake up every top manager will be doing something different. we will let you decide if you want to on the stock. doubles are riding the bernanke bal
we're three-quarters through fiscal year 2013 and year-to-date the deficit has come in at 510 billion down from 904 billion in the same period of last fiscal year a reduction of $400 million. part of that is due to the higher payroll taxes kicking in january 1st combined with lower spending from the sequestered. budget experts were on the lookout for the one time item a dividend payment of $60 billion from three in may and freddie mac to the treasury said there is a big chunk of that in another...
WHUT (Howard University Television)
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Jul 9, 2013
07/13
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WHUT
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there are fears the country's thant deficit is far worse previously estimed. stability is key to a revival. >> from my point of view, we have the demonstrations to get the economy [indiscernible] hoping to get into a common opinion everyone agrees about. will not encourage foreign investment or political trust. it is not the atmosphere for free and fair elections. the army is surrounding the protesters encampments. unless a compromise is agreed soon, more violent confrontations looked likely. and that is the concern now with forces in deadlock and confrontationnd calls for what the muslim brotherhood calls and intifada, all the risk of more violence at a time when tensions are already running high. on the other side of cairo in tahrir square, people have been gathering that with a very different message, saying the military had to act last week to restore the revolution. now, are competing camps trying to reclaim the mantle of the revolution while all the while concern grows for future stability here in egypt. we will keep an eye on all of the developments. an
there are fears the country's thant deficit is far worse previously estimed. stability is key to a revival. >> from my point of view, we have the demonstrations to get the economy [indiscernible] hoping to get into a common opinion everyone agrees about. will not encourage foreign investment or political trust. it is not the atmosphere for free and fair elections. the army is surrounding the protesters encampments. unless a compromise is agreed soon, more violent confrontations looked...
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Jul 9, 2013
07/13
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. >>> the latest white house projection says the deficit will shrink by $214 billion. of course it won't be gone completely, washington is spending about $1 trillion more than it takes in. spending cuts are paying off. >> what is three quarters of a trillion dollars? >> pocket change. >> check this out. this is in tron corontotoronto,. >> that's a road? >> i'm sure it's a road completely under water. nearly four inches fell in just hours. 100,000 customers are without power. passengers were stuck in the subway system. looks like a mess. chad myers tracking all the weather there and here for us. >> we talked about this yesterday how the pattern was changing and everything was going to shift to the north. i didn't mean north of the border, i meant chicago. the storms parked themselves over the area and never stopped. a couple showers across toronto. i'm going to show you a waterspout that happened in tampa and showers in pennsylvania and ohio as well. a couple cool pictures. one to three inches across the northeast. two to four across ohio. the rain isn't stopping. 87 in
. >>> the latest white house projection says the deficit will shrink by $214 billion. of course it won't be gone completely, washington is spending about $1 trillion more than it takes in. spending cuts are paying off. >> what is three quarters of a trillion dollars? >> pocket change. >> check this out. this is in tron corontotoronto,. >> that's a road? >> i'm sure it's a road completely under water. nearly four inches fell in just hours. 100,000 customers...
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Jul 9, 2013
07/13
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latvia's load national debt and low budget deficits helped to brain injury to the currency bloc, but some have criticized tax policy. the country has been attracting many investors from eastern europe with its low tax rates. >> that's great for real tax havens and after cyprus collapsed, latvia is ready to follow in its footsteps -- after cyprus collapsed. >> current members held that when latvia adopts the europe on january 1, new coins will continue to symbolize independence and strength. >> onto the markets now, and while the expansion of the eurozone is seen as good news, it was the strong start to earnings season in the united states that prompted investors to send shares to their highest levels in a month. our correspondence sent us this summary of the tuesday trading session in frankfurt -- our correspondent sent us the summary. >> just today, the euro dropped to the lowest level since the beginning of april. one reason is, of course, that the u.s. economy is coming out of the doldrums a bit better than the eurozone, which, for a large chunk, is still persistingly in recession
latvia's load national debt and low budget deficits helped to brain injury to the currency bloc, but some have criticized tax policy. the country has been attracting many investors from eastern europe with its low tax rates. >> that's great for real tax havens and after cyprus collapsed, latvia is ready to follow in its footsteps -- after cyprus collapsed. >> current members held that when latvia adopts the europe on january 1, new coins will continue to symbolize independence and...
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Jul 9, 2013
07/13
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LINKTV
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latvia's load national debt and low budget deficits helped to brain injury to the currency bloc, but some have criticized tax policy. the country has been attracting many investors from eastern europe with its low tax rates. >> that's great for real tax havens and after cyprus collapsed, latvia is ready to follow in its footsteps -- after cyprus collapsed. >> current members held that when latvia adopts the europe on january 1, new coins will continue to symbolize independence and strength. >> onto the markets now, and while the expansion of the eurozone is seen as good news, it was the strong start to earnings season in the united states that prompted investors to send shares to their highest levels in a month. our correspondence sent us this summary of the tuesday trading session in frankfurt -- our correspondent sent us the summary. >> just today, the euro dropped to the lowest level since the beginning of april. one reason is, of course, that the u.s. economy is coming out of the doldrums a bit better than the eurozone, which, for a large chunk, is still persistingly in recession
latvia's load national debt and low budget deficits helped to brain injury to the currency bloc, but some have criticized tax policy. the country has been attracting many investors from eastern europe with its low tax rates. >> that's great for real tax havens and after cyprus collapsed, latvia is ready to follow in its footsteps -- after cyprus collapsed. >> current members held that when latvia adopts the europe on january 1, new coins will continue to symbolize independence and...
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Jul 9, 2013
07/13
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they have also slashed their estimate of the budget deficit for this fiscal year by $214 billion to $759 billion. here are the latest market figures. >>> there's a strong typhoon on the way to southern okinawa, japan. rch r rachel ferguson is here with that. >> we've been tracking this system as it heads west towards okinawa. this is it right now. you can see that eye being quite clearly defined in the cloud just there. so this is actually a pretty strong storm and it is building in strength as well. it's already what we call a strong typhoon here in the west pacific, maybe if you are more used to the south hurricane scale, it would be a category 1. and we're looking for it to actually intensify to a category 2, that's on the hurricane scale, by the next wednesday, thursday, the next couple of days as it heads further towards the west. now, also in the line of fire is going to be taiwan. so this system certainly going to be in our news into the weekend currently moving west at 20 kilometers an hour. the winds are sustained at 144 kilometers an hour with wind gusts now at 216. so it is re
they have also slashed their estimate of the budget deficit for this fiscal year by $214 billion to $759 billion. here are the latest market figures. >>> there's a strong typhoon on the way to southern okinawa, japan. rch r rachel ferguson is here with that. >> we've been tracking this system as it heads west towards okinawa. this is it right now. you can see that eye being quite clearly defined in the cloud just there. so this is actually a pretty strong storm and it is building...
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it will increase the deficit. back in january i predicted that the obama administration would not have these exchanges ready on time, and what they just admitted is that they won't have the anti-fraud measures ready on time, but they said, who cares. we'll just blow the doors open. leave the federal treasury open. let people claim subsidies i will legitimately. you remember in the home stretch before president obama passed obama care president obama swore up and down that he would fight for health care. he said he would eliminate every instance of health care fraud in the government. the worst part is, he doesn't have the authority to do this. >> i want to get to that in a minute. i want to ask one quick follow-up. regarding the lack of income documentation for ineligibility, this is so much like the housing crisis of years ago it's unbelievable because then liar loans were handed out with no income and no documentation. why is this any different, michael cannon? this is the health care version of the housing bubb
it will increase the deficit. back in january i predicted that the obama administration would not have these exchanges ready on time, and what they just admitted is that they won't have the anti-fraud measures ready on time, but they said, who cares. we'll just blow the doors open. leave the federal treasury open. let people claim subsidies i will legitimately. you remember in the home stretch before president obama passed obama care president obama swore up and down that he would fight for...
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to stay on this deficit reduction policy many in government know is looking forward to the future past the next election is that there could be much much worse to come sarah. lunde and for some other international news the brave this hour a mexican volcano has been wreaking havoc on flights in america hundreds of passengers have been left stranded after more than forty flights were canceled as a local volcano continues to spew huge amounts of ash into the atmosphere and ions grounded the planes as a precaution the volcano is only around sixty kilometers from mexico city airport and regularly rolls into life. searing truth sorry dancing into rebel held parts of homes after nearly a week of fighting and some of the heaviest bombing of the conflict reports say shelling continued throughout the night anderson calling meanwhile political turmoil continues to twelve months be divided main opposition body the syrian national coalition has failed to elect a president and to me. to me to tell you it's now been without a leader since march when mars kept him resigned after just four months and s
to stay on this deficit reduction policy many in government know is looking forward to the future past the next election is that there could be much much worse to come sarah. lunde and for some other international news the brave this hour a mexican volcano has been wreaking havoc on flights in america hundreds of passengers have been left stranded after more than forty flights were canceled as a local volcano continues to spew huge amounts of ash into the atmosphere and ions grounded the planes...
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any deal on interest rates should not reduce the deficit on the backs of students. we should not trade national debt for student debt. and number two, we need to keep in place an interest rate cap, an interest rate cap as a key consumer protection to shield students from exorbitant rates in the future. now, i have the highest respect for our president. i served with him here. he was on our committee. i only wish that perhaps they had talked to us a little bit before they came out with their proposal. president obama came out with a proposal on student loans. the first president since 1958, first president, not democratic president, first president, democrat or republican, to propose going from a 91 t-bill date to a ten-year treasury note. no other president suggested that. secondly, no president since 1958, no president, has advocated removing the cap. president obama in his proposal proposed removing the cap. well, i believe it's safe to say that our caucus said no, we're not going to do that. we're not going to lift this key consumer protection of having an intere
any deal on interest rates should not reduce the deficit on the backs of students. we should not trade national debt for student debt. and number two, we need to keep in place an interest rate cap, an interest rate cap as a key consumer protection to shield students from exorbitant rates in the future. now, i have the highest respect for our president. i served with him here. he was on our committee. i only wish that perhaps they had talked to us a little bit before they came out with their...
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can stay on this deficit reduction policy while many in government know it's looking forward to the future past the next election is that there could be much much worse to come sarah. lunde. to baghdad to open up the aussie world update nineteen worshipers of being killed thirty eight injured in a suicide bombing one that was on the doorstep this time of a shia mosque in the northern part of the capital they actually came several hours after a separate blast claimed seven lives in a predominantly sunni town in iraq now according to latest u.n. starts more than seven hundred people perished last month from the country their struggles to contain sectarian violence. the deeply divided syrian opposition has failed to elect a new leader after meeting in the post for the presidency has affected libyan embassy since february but the coalition aims to prove itself a viable force to secure more weapons from the west for the assad government by hezbollah it's certainly standing its ground most recently they've been battling rebel strongholds in the strategic city of homs held by the opposition now f
can stay on this deficit reduction policy while many in government know it's looking forward to the future past the next election is that there could be much much worse to come sarah. lunde. to baghdad to open up the aussie world update nineteen worshipers of being killed thirty eight injured in a suicide bombing one that was on the doorstep this time of a shia mosque in the northern part of the capital they actually came several hours after a separate blast claimed seven lives in a...
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we did it in 2005 under the ccra anchts the deficit reduction reduction act. senator harkin's appropriations committee has made changes to the eligibility rules to the pell grants each of the past several years outside of the higher education authorization, including the elimination of summer eligibility, ability to benefit, and lower of the automatic enrollment for low-income students. i mean, it -- it's just not fair to come and say, to me, that i'm doing an outside higher reauthorization. there is a track record continually of the person that accused us of doing it of doing it himself, of let me say that he is accurate. i'd be happy to yield. mr. manchin: if i could, i want to thank the good senator for working in such a bipartisan manner. this bill haif this bill has bed as belonging to one party or the other, it is wrong. we sat down together, senator cobun, senator a aalexander, senator burr, and we had senator carperrer and looked at how we could fiction something. this deadline hit, we knew one year ago when we extended it, they said it was a political
we did it in 2005 under the ccra anchts the deficit reduction reduction act. senator harkin's appropriations committee has made changes to the eligibility rules to the pell grants each of the past several years outside of the higher education authorization, including the elimination of summer eligibility, ability to benefit, and lower of the automatic enrollment for low-income students. i mean, it -- it's just not fair to come and say, to me, that i'm doing an outside higher reauthorization....
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much for joining us today mired in economic malaise and scrambling to raise money to bring down the deficit the french government has again turned to taxes to get its economy back on track after a host of increases just this year alone the finance minister has now refused to rule out yet more tax hikes in twenty fourteen is autism or financial reports the heavy burden is pushing independent businesses to the brink of bankruptcy. it's that happy time of slashed prices in the stores of paris but behind some of the red price tags there are said stories for pascal whose flour and good chop has been in business for twenty five years it's a closing down. for many months the taxes he pays have been it in up all his profit he simply doesn't make money any more. they don't understand that we small businessmen at the engines and guarantors of the country's development and they are stifling us i can't afford star and i do all the work myself for twelve hours a day but that isn't enough. to businessmen from china and the arab world have already responded to his almost two hundred thousand two year offe
much for joining us today mired in economic malaise and scrambling to raise money to bring down the deficit the french government has again turned to taxes to get its economy back on track after a host of increases just this year alone the finance minister has now refused to rule out yet more tax hikes in twenty fourteen is autism or financial reports the heavy burden is pushing independent businesses to the brink of bankruptcy. it's that happy time of slashed prices in the stores of paris but...
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we've also seen that it will lower our deficits by $850 billion over the next 20 years, and because of the influx of younger workers and more undocumented workers paying payroll taxes, we've seen it will actually increase the solvency of social security by two years, and i think you have to look what else is in this bill. this bill brings in new visas for people doing startups, who are creating jobs. it conditions the visa on them being able to create jobs, that creates jobs for people here. the studies overwhelmingly show that for native existing workers, this immigration is almost always a good deal. this even shows that over 20 years wages would go up half a percent for the economy as a whole, so i -- i think, you know, it's very interesting. you often have me on the show replying to paul ryan or grover norquist or douglas holtz eakin. this is something where those leading republican budget and economic experts and someone like myself are in complete agreement. we agree that common sense immigration reform is a win for economy, a win for growth and win for deficit reduction. >> a lo
we've also seen that it will lower our deficits by $850 billion over the next 20 years, and because of the influx of younger workers and more undocumented workers paying payroll taxes, we've seen it will actually increase the solvency of social security by two years, and i think you have to look what else is in this bill. this bill brings in new visas for people doing startups, who are creating jobs. it conditions the visa on them being able to create jobs, that creates jobs for people here....
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gareth what do you think about the deficit of you know it's you know the the point i would add to what steve has just said is that you know a military coup does not democracy make either you know. the grandkids leafletting a middle point i think that we're looking at straight in the face right no steve you want to reply to that. it's not going to help i agree completely word we're not we're not thrilled that the military did this but the military good didn't just dream it up on their own and started from scratch they did it in response to millions of egyptians in the street as they did before when everybody thought it was a great idea so it's we've got to make sure that we're consistent and i agree with gareth the united states government must be consistent with its own laws and its own principles but we we as commentators need to be consistent too that last time it was fine for the military to intervene on the side of the people and this time when they did it it's it's problematic. i'm not sure we're ever going to win but i still hear that on the record for the possible ok gary hold o
gareth what do you think about the deficit of you know it's you know the the point i would add to what steve has just said is that you know a military coup does not democracy make either you know. the grandkids leafletting a middle point i think that we're looking at straight in the face right no steve you want to reply to that. it's not going to help i agree completely word we're not we're not thrilled that the military did this but the military good didn't just dream it up on their own and...
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to stay on this deficit reduction policy many in government now is looking forward to the future past the next election is that they could be much much worse because sarah. lunde. as if the global economic crime already between washington and beijing wasn't enough chinese investors an awful pairing a massive deployment trying to america's backyard the construction of a can now connection path one tick and pacific oceans nicaragua is due to begin next year sponsored by a chinese fun business host case of people being reported. the idea of the canal terry nichols has been kicking around over one hundred fifty years now that a chinese businessman has dumped up forty billion dollars from global investors it could become a reality now the owner of hong kong based hate and degree of his funding to start building the canal in twenty forty which they claim will be ready for action by twenty twenty so let's have a look at the map then it will be able to see that the plan is to build one hundred seventy eight mile walks way connect in the caribbean and the pacific and it would be three times lo
to stay on this deficit reduction policy many in government now is looking forward to the future past the next election is that they could be much much worse because sarah. lunde. as if the global economic crime already between washington and beijing wasn't enough chinese investors an awful pairing a massive deployment trying to america's backyard the construction of a can now connection path one tick and pacific oceans nicaragua is due to begin next year sponsored by a chinese fun business...
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to stay on this deficit reduction part of what many in government know is looking forward to the future past the next election is that there could be much much worse to come sarah. lunde and now for some other incessant news in brief this hour an airline there has crash landed at san francisco international airport leaving at least two dead in the two hundred and three injured asiana boeing triple seven came to rest or just off the runway before bursting into flames i wouldn't speak on the plane's tail section breaking off just before touchdown a pilot apparently made no distress calls prior to landing the south korean flight had to fourteen from salt had three hundred three passengers and crew on board. at least one person has been killed after a train carrying crude oil do railed and burst into flames in canada's province of quebec a number of people are missing as the explosion leveled dozens of nearby buildings while around a thousand people were forced to flee their homes their amateur footage shows the intensity of the blaze while reports a large amount of toxic chemicals are spil
to stay on this deficit reduction part of what many in government know is looking forward to the future past the next election is that there could be much much worse to come sarah. lunde and now for some other incessant news in brief this hour an airline there has crash landed at san francisco international airport leaving at least two dead in the two hundred and three injured asiana boeing triple seven came to rest or just off the runway before bursting into flames i wouldn't speak on the...
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the deficit will go down. and basically go get it from somewhere else in the savings. there's plenty of fat in that national budget, and we could all agree on that. >> all right. gentlemen, thank you both for your thoughts today. appreciate it very much. >> pleasure. >> thank you so much. >>> we have 35 minutes before the closing bell sounds for the day. we have a market off of the lows, down about 18 points on the dow. >> is there any stopping hewlett-packard stock these days? it's up more than 80% just this year. and it has been the best performer among the dow components in 2013. when we come back, we'll hear from somebody who says hp is just getting started. >>> meanwhile, tensions in egypt showing no signs of cooling down. coming up, one of egypt's richest mens explains how the turmoil is impacting the economy and the world. what might happen in his company. don't miss it as we navigate the happenings in cairo. ♪ build! we're investing big to keep our country in the lead. ♪ load! we keep moving to deliver what you need. and that means growth, lots of cargo goi
the deficit will go down. and basically go get it from somewhere else in the savings. there's plenty of fat in that national budget, and we could all agree on that. >> all right. gentlemen, thank you both for your thoughts today. appreciate it very much. >> pleasure. >> thank you so much. >>> we have 35 minutes before the closing bell sounds for the day. we have a market off of the lows, down about 18 points on the dow. >> is there any stopping hewlett-packard...
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could stay on this deficit reduction policy while many in government know it's looking forward to the future past the next election is that there could be much much worse to come sarah. lunde. and for some other international news in brief this hour a roadside bomb has killed three so many injured two more in yemen's capital sana'a the soldiers were patrolling trying an opposition stronghold loyal to the country's deposed leader when the blast struck the country's right with political tension since the arab spring which answered presence there at the start of last year. while i'm still protesters and police clashed violently in front of the home of governor burning rubbish by house but the advance of the security forces showed the protesters with the shall of the protests as i should say with tear gas the country has been hit by wave after wave of ronnie's recently after a protest of a bus creases snowballed into one of the demonstrations against corruption in the highest ranks of the country. iraq's second volcano has been wreaking havoc on flights in america hundreds of passengers h
could stay on this deficit reduction policy while many in government know it's looking forward to the future past the next election is that there could be much much worse to come sarah. lunde. and for some other international news in brief this hour a roadside bomb has killed three so many injured two more in yemen's capital sana'a the soldiers were patrolling trying an opposition stronghold loyal to the country's deposed leader when the blast struck the country's right with political tension...
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can stay on this deficit reduction policy while many in government know it's looking forward to the future past the next election is that there could be much much worse to come. sarah. lunde. coming your way i've been lost in concert this pain of mainstream easy again breaking. as a person who lives in russia i get asked very often why automated console fat well are americans actually fat or is this just a myth from some hater countries the centers for disease control have declared obesity to be a disease that's a twenty point nine percent of adult americans are obese and that is an all time high people blame the sedentary lifestyle as the cause yes if you were out all day at work and then all evening after driving home sure doesn't help your waistline but problems can have multiple causes and the authors of the book rich food poor food believe it could be tied to eight foods that are allowed in america but are banned in many other countries across the globe some of these chemicals and techniques and foods that are banned by some other countries are a less strong which is in many snack pro
can stay on this deficit reduction policy while many in government know it's looking forward to the future past the next election is that there could be much much worse to come. sarah. lunde. coming your way i've been lost in concert this pain of mainstream easy again breaking. as a person who lives in russia i get asked very often why automated console fat well are americans actually fat or is this just a myth from some hater countries the centers for disease control have declared obesity to...